Recent reports indicate that blockchain infrastructure provider Zerohash is actively pursuing a fundraising round targeting a $1.5 billion valuation with the goal of securing $250 million in capital. This initiative follows the company's decision to halt previous collaboration talks with payment giant Mastercard.
Funding Context and Market Response
Before this, Zerohash had aimed to partner with Mastercard, but ultimately chose to abandon those discussions in favor of independent growth. The current fundraising effort is still ongoing, with the final amount subject to change based on negotiation outcomes.
- In October 2023, Zerohash raised $104 million in a Series D-2 round led by Interactive Brokers, achieving a $1 billion valuation at the time.
- If successful, this new round could elevate the company's valuation to $1.5 billion, reinforcing its position in the blockchain space.
It's worth noting that Zerohash has not yet publicly commented on the report, so further details remain uncertain.